Transaction type discrepancy - best way to fix?
I’ve been posting credit card transactions (from one particular card) and noticed when I ran a “transaction detail by account” report that some of the posted transactions had a transaction type called “expense” while others had “credit card expense” — and for the life of me I can’t figure out how that happened or how to fix it so they’re all the same.
I’ve gathered that credit card transactions (for biz exp) should have transaction type “credit card expenses” to accurately reflect the liability on that account. And that the transaction type “expense” is generally for cash accounts, like banks, with their respective transactions. But I cannot seem to figure out how to change the transaction type for any of the posted transactions, nor the ones that are still “for review”.
Is this because of changes QBO recently made? I’ve read lots of stuff looking for the answer, like perhaps I should exclude, then delete all posted transactions, so the credit card reloads them via the bank feed. I even tried “undoing” them and starting over from scratch, but still couldn’t figure out how to change the transaction type to “credit card expense” instead of just “expense.”
I can’t even see where to select the “transaction type” as an option for pending transactions. What am I missing?
Edit/update: Thanks so much for weighing in, everyone! As most have said, it’s super annoying but more time-consuming to fix than it’s worth, since it’s basically just esthetics for the report and doesn’t affect the reconciliation or accounting — as I have now come to find out.